10 things you need to know in markets today

It’s PMI day in Europe. At 9:00 a.m GMT (4:00 a.m.) we’ll get the latest figures from Markit’s Purchasing Managers Index for the eurozone’s manufacturing and construction sectors, as well as a composite figure. We’ll also get data for Spain, Italy, France, and Germany individually, along with a UK figure. Markit’s data helps give a pretty good impression of how the European economy is faring.

Asian stocks are a mixed bag. Asian shares slipped in early trade on Tuesday, pressured by losses on Wall Street against a backdrop of slumping crude oil prices and mixed messages on the outlook for U.S. monetary policy. However in later trading, China’s biggest share indexes were all in positive territory. The Nikkei in Japan, extended losses, and at 6:50 a.m. GMT (1:50 a.m. ET) was down 2.35%.

Credit Suisse wants to increase its presence in China. Reuters reports that Credit Suisse Chief Executive Officer Tidjane Thiam said on Tuesday the Swiss bank has been “underweight” in China and would look to build its wealth management capabilities in the world’s second-biggest economy, despite slowing growth.